Tim Cook’s $12 Million Bonus for 2018 Is His Biggest Ever
- Payout was decided before iPhone maker cut revenue forecast
- Total compensation, including stock awards, hit $136 million
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Apple Inc. Chief Executive Officer Tim Cook collected his biggest-ever annual bonus for fiscal 2018 after the iPhone maker posted record revenue and profit, and its market value temporarily eclipsed $1 trillion.
Cook received a $12 million bonus for the year ended Sept. 29, the Cupertino, California-based company said Tuesday in a filing. He also got a $3 million salary and shares worth $121 million from his 10-year stock award, bringing his total haul to $136 million, along with perks of about $682,000. The bonus was linked to revenue and operating income targets, both of which rose 16 percent from a year earlier.